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RBC plans 26- to 29-month digital index-linked notes tied to S&P 500
By Sarah Lizee
Olympia, Wash., July 10 – Royal Bank of Canada plans to price 0% digital index-linked notes due in 26 to 29 months linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 85% of its initial level, the payout at maturity will be the threshold settlement amount of between $1,125.20 and $1,146.90 for each $1,000 of notes. The exact amount will be set at pricing.
If the index declines by more than 15%, investors will lose 1.1765% for each 1% loss beyond 15%.
RBC Capital Markets, LLC is the underwriter.
The Cusip is 78013XVD7.
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